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Solar Standoff: Will Sanctions On China Hurt Us? - Analyst Blog

Though the company opposed the preliminary findings, it said it is committed to serving customers in the U.S. as well as its small business loans Australia wide business partners. In a statement the company said: "Trina Solar believes that because of its competitive cost structure, in-house manufacturing capacities, global strategies, strong brand image and quality products and global strategies, it will continue to grow its business in the United States and to play an important role in the U.S. market." Yingli Green Energy Holding Co. Ltd. ( YGE ) also voiced its discontent regarding said duties, but also promised that it would continue to serve customers in the U.S. Yingli faces an anti-dumping duty of 42.3% and a combined tariff of 47.3%. Companies which refuse to cooperate with the DOC will have to pay the highest possible rate of 165%, which amounts to 191%, taking into account the anti-subsidy duty. Evasion Strategies ReneSola Ltd. ( SOL ) has said that it will utilize contract producers across the world so that it can continue to sell its panels in the U.S. Last week, the company said it will leverage partnerships with OEMs to sell solar panels worth 500MW in the U.S. <br>For the original version including any supplementary images or video, visit

Solar Standoff: Will Sanctions on China Hurt US? - Yahoo Finance

Analysts believe that other Chinese companies will follow suit. Such a phenomenon is likely despite the fact that the sector has returned to the black only a year earlier. This positive period has been preceded by years of low panel prices leading to lower margins. Resolution in the Offing? According to Bloomberg, a law firm representing the Chinese government has sent a proposal for a suspension agreement to Commerce Secretary Penny Pritzker. This is an attempt to settle the anti-dumping duty dispute. Trade experts believe that this is a crucial step in a resolution to the dispute since such an offer would not have been made unless China was confident that it would not be rejected outright. A successful resolution to the dispute would come as happy tidings to the likes of Yingli and JinkoSolar Holding Co., Ltd. ( JKS ). On the other hand, domestic producers such as Enphase Energy, Inc. <br>For the original version including any supplementary images or video, visit

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